Odaily Planet Daily News Backpack CEO Armani revealed in a community AMA that Backpack is actively laying out a compliance system, and will cover both crypto services and traditional financial services in the future. In addition, Armani also shared Backpack's vision - to become the preferred financial service provider for global users, and introduced that the name of Backpack was inspired by the "backpack" item of the "World of Warcraft" character.
He said: "In the crypto world, Backpack has become a carrier of crypto assets, a tool that can carry credit cards, cash, and even all important items, allowing people to carry it around the world and start an adventure. Backpack represents freedom, self-sufficiency and the spirit of exploration. This is not only the name of a fintech product, but also a symbol of the new generation of global financial institutions that we hope to create."